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Real Estate Rookie

162: Rookie Reply: Permitting Problems and Finding Hard Money Lenders

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.71.8K Ratings

🗓️ 5 March 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

This week’s question comes from Carlos, who directly messaged Ashley on the BiggerPockets Real Estate Rookie Bootcamp! Carlos is asking: Do you recommend, or is it even possible, to use a hard money lender from a different state? Hard money lenders and hard money loans are a crucial part of real estate investing for many real estate investors. If you’re a rehabber, flipper, or BRRRR-er, there’s most likely a chance you’ll need hard money in the future. But how do you find a hard money lender without past experience with one? Here are some suggestions: Use investor referrals and sites like BiggerPockets to find hard money lenders Be specific when you ask a hard money lender questions to make sure they can lend in your area Inquire about the criteria that your hard money lender looks at when lending Relay your strategy to your hard money lender, to ensure they can lend on the property type you’re looking at And more in the episode… If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Real Estate Rookie Facebook Group BiggerPockets Website BiggerPockets Rental Property Calculator Instagram ARVC  Google BiggerPockets Real Estate Investing Bootcamp BiggerPockets Forums BiggerPockets Rookie Waitlist Check the full show notes here: https://www.biggerpockets.com/rookie162   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Real Estate Rookie, episode 162.

0:08.0

My name is Ashley Care, and I am here with my co-host, Tony Robinson.

0:13.0

And welcome to the Real Estate Rookie podcast, where every week,

0:16.2

twice a week, me and my wonderful co-host, Ashley Care, talk all things real estate.

0:20.0

But with the focus on the guys and girls at the beginning of their investing journey,

0:23.9

we want to bring you the inspiration, the information that you need to get started as a real estate investor.

0:28.7

So Ashley Care, before we get started, let's just say that this has been like one of the most

0:32.9

technically difficult podcasts to record. Ashley and I have tried recording this like five times,

0:38.3

but our system keeps crashing. So we're hoping that we can get through this in one piece.

0:41.6

Yeah, and we really haven't even gotten past. This is a farthest we've made it so far right here

0:46.1

to the podcast. Oh yeah, we've set this intro five times. So hopefully it sounds super polished

0:51.3

by now. But Ashley, what's new with you? Give me let the quick rundown before the system explodes

0:55.9

on us. Yeah. Well, Tony, first of all, I got to say happy, belated birthday. Tell everyone

1:00.4

about your birthday just in case they're not following you on Instagram and gets to see all the

1:04.8

wonderful things Sarah does for you. Yeah. So I'm training for a fitness competition, which is about

1:10.8

five weeks away. And this last weekend was my birthday, but it was also my last cheat meal weekend

1:16.1

instead of having the usual birthday thing where people bring gifts. I just had like a big

1:20.9

cheat meal party and I asked all my friends and family to bring me on my favorite junk food. So

1:25.1

I had like one of the most epic cheat meals ever with every possible dessert and junk food you

1:30.0

could think of. And then my wife being the amazing person she is, she did some really cool things

1:34.0

for me, but she ended up rinsing like a slingshot. There's little like three-wheeled motorcycle

1:38.5

go-cart things. And we got to drive that around for the weekend too. So it was all around just like

...

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